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Delta Oil & Gas (OTCBB: DOIG) Files Form S-4 in Anticipation of Offer to Acquire at Least 80% of the Shares of The Stallion Group on a Fully-Diluted Basis

JACKSON MO--(Marketwire - October 14, 2008) - The Stallion Group (OTCBB: SLGR) announces that
Delta Oil & Gas Inc. (OTCBB: DOIG) ("Delta") filed a registration statement
on Form S-4 in order to register 27,168,832 of its common shares which will
form part of the consideration being offered to shareholders of The
Stallion Group ("Stallion") in a proposed offer to acquire at least 80% of
the shares of Stallion on a fully-diluted basis. Subject to the terms and
conditions of the offer as contained in the Form S-4, the consideration
described in the S-4 for each Stallion common share tendered in the offer
and accepted would be $0.333 of a share of Delta common stock, and cash in
the amount of $0.0008 per share.

Stallion's management is currently reviewing the Form S-4. Pending a
review of the Form S-4 by the SEC and the commencement of the tender offer,
Stallion's Shareholders will have an opportunity to tender their shares.

About Stallion

The Stallion Group (OTCBB: SLGR) is an advanced oil and gas exploration and
emerging early stage development company focused on its Mississippi,
Louisiana and California exploration areas in the United States. Stallion
has developed a foundational strategy, which includes extensive analysis of
all drilling opportunities. Once the analysis phases are complete, Stallion
can and does move very quickly to drill and establish reserve and
production values. Stallion's management is tasked with the requirement to
manage exploration and development risk by participating only with mature
oil and gas operators on our AMI lands (Area of Mutual Interest). Stallion
has interests in common with Delta in Mississippi, Phase II and prospects
in the Sacramento Valley, California, including one producing natural gas
well and the right to participate in future wells at that location. For
more information about Stallion, it maintains a website located at
www.thestalliongroup.com.

About Delta Oil and Gas
Delta Oil and Gas is an exploration company focused on developing North
American oil and natural gas reserves. The Company's current focus is on
the exploration of its land portfolio comprised of working interests in the
following prospects: the Mississippi prospects, the horizontal drilling
prospect in Saskatchewan, the 2006-03 Prospect at Garvin and Murray
Counties, Oklahoma and the 2007-01 Prospect in Garvin County, Oklahoma.
Delta Oil & Gas is seeking to expand its portfolio to include additional
interests in Canada and the USA.

Forward-looking statement

Certain statements in this presentation constitute forward-looking
statements or forward-looking information within the meaning of applicable
securities laws ("forward-looking statements"). Such forward-looking
statements involve known and unknown risks, uncertainties and other factors
that may cause the actual results, performance or achievements of THE
STALLION GROUP ("Stallion"), or developments in Stallion's business or in
its industry, to differ materially from the anticipated results,
performance, achievements or developments expressed or implied by such
forward-looking statements. Forward-looking statements include all
disclosure regarding possible events, conditions or results of operations
that is based on assumptions about future economic conditions and courses
of action. Forward-looking statements may also include any statement
relating to future events, conditions or circumstances. Stallion cautions
you not to place undue reliance upon any such forward-looking statements,
which speak only as of the date they are made. Forward-looking statements
relate to, among other things, changes in the resource market; the market
focus of Stallion; Stallion's revenue mix and margin targets; Stallion's
operations priorities; and Stallion's strategy for its products and
solutions. The risks and uncertainties that may affect forward-looking
statements include, among others, the completion and integration of
acquisitions, the possibility of technical, logistical or planning issues
in connection with deployments, the continuous commitment of Stallion's
customers, demand for Stallion's products and other risks detailed from
time to time in Stallion's filings with the Securities and Exchange
Commission. Forward-looking statements are based on management's current
plans, estimates, projections, beliefs and opinions, and the Company does
not undertake any obligation to update forward-looking statements should
assumptions related to these plans, estimates, projections, beliefs and
opinions change.